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Biden says stock market doesn’t reflect the state of the economy
President Joe Biden said that the stock market is not reflective of the economy in comments made after casting his vote at a local polling station in Delaware. President Joe Biden said that the stock market is not reflective of the state of the economy in comments made after casting his vote at a local polling station in Delaware. What Happened: Biden said that the stock market doesn't necessarily ...
Updated: 09/14/2022
Ukraine says it has retaken more than 6,400 square miles in east
President Volodymyr Zelenskyy said in his nightly address on Monday that Ukrainian forces had regained more than 6,000 square square square miles this month - an area roughly the size of Delaware. President Volodymyr Zelenskyy said in his nightly address on Monday that Ukrainian forces had regained more than 6,000 square kilometers 2,400 square miles this month - an area roughly the size of Delaware. He urged Kyiv and its allies to ...
Updated: 09/13/2022
Twitter security expert to testify before Senate committee
... whether or not the $44 billion deal should be completed. The company sued Musk for terminating the agreement while the Tesla chief executive countersuaded, accusing Twitter of misrepresenting the number of false and spam accounts on its service. A Delaware judge ruled last week that Musk may include Zatko 's whistleblower claims against Twitter , but he denied his request to delay the trial. On Tuesday, the Senate Judiciary Committee is expected to question Zatko 's claims that Twitter misled ...
Updated: 09/13/2022
Twitter shares unlikely to approve Elon Musk's $44 billion takeover
... its security problems, will testify before the Senate tomorrow. Musk 's legal team argued that Zatko 's claims could support its accusations against Twitter . With the Musk camp now being allowed to include the Zatko claims in its testimony for Delaware, the hearing will be closely watched by the Street, Wedbush analyst Dan Ives said in a note. Price Action: On Monday, the shares of Twitter fell 1.7% to $41.48 in the regular session and rose 0.2% in extended trading, according to data from ...
Updated: 09/13/2022
Twitter responds to Musk's third termination notice, says it's not terminated
... have an additional basis to terminate the Merger Agreement if the Musk Parties Musk Parties termination of the Merger Agreement is determined to be invalid for any reason. The new termination notice comes as Twitter prepares to take Musk to the Delaware Court of Chancery starting on October 17 to force the billionaire to follow the original terms of the deal. Musk countersuas, claiming that Twitter misrepresented the total number of spam and fake accounts on its platform when it accepted his ...
Updated: 09/12/2022
Twitter says it’s not going to buy Twitter
... bot accounts on the platform, and now has said that Twitter should have notified him before it spent $7.75 million in a separation agreement with Peiter Zatko , the company's former security chief. He was subpoenaed to testify in the Twitter lawsuit. Delaware Chancery Judge Kathaleen St. Jude McCormick allowed Musk to add Zatko 's allegations of egregious deficiencies at Twitter to his legal arguments, permitting the billionaire to argue a material adverse effect on the acquisition through Twitter's ...
Updated: 09/12/2022
Twitter says payments to whistleblower did not breach deal
... very complicated. Musk initially proposed buying the company in April. Musk complained that the number of fake or spam accounts on the social media platform is higher than what is being disclosed. Musk and Twitter will go on trial on October 17 in Delaware to resolve Musk 's attempt to cancel his acquisition of the company unless they reach a settlement first. Musk will be allowed to include the allegations made by Zatko in his countersuit.
Updated: 09/12/2022
Elon Musk’s latest tweet invalidates Twitter termination declaration
... disclosures about the extent of bot activity on the platform. The deal represents buyer's remorse due to weakening market conditions, according to Twitter representatives who have stood by their assessments of spam accounts. The matter is headed to Delaware Chancery Court, where a judge will hear arguments from both sides in October. The lawyers of Musk have already been allowed to bring up Zatko for other reasons: Zatko submitted a whistleblower commentary to Congress this summer pointing out ...
Updated: 09/12/2022
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